Union cabinet approves proposal to hive off BSNL’s tower assets into a separate company

The Union cabinet has approved a proposal to hive off Bharat Sanchar Nigam Limited’s (BSNL) mobile tower assets into a new unit, which will be wholly owned by the operator. Currently, BSNL owns 66,000 of the total 442,000 towers in the country. The approval to form a dedicated tower subsidiary will allow BSNL to monetise its telecom tower infrastructure by increasing external tenancies.